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Franzia Company Issues €10,000,000, 7

question 31

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Franzia Company issues €10,000,000, 7.8%, 20-year bonds to yield 8% on July 1, 2011.Interest is paid on July 1 and January 1.The proceeds from the bonds are $9,604,145.The balance reported in the bonds payable account on the December 31, 2011 statement of financial position?


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